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First World vs. Third World

First World

noun
  1. the major industrialized non-Communist nations, including those in Western Europe, the United States, Canada, and Japan.

Third World

noun
  1. the underdeveloped nations of the world, especially those with widespread poverty.
  2. the group of developing nations, especially of Asia and Africa, that do not align themselves with the policies of either the U.S. or the former Soviet Union.
  3. the minority groups within a nation or predominant culture.